Applying for a traditional bank loan can solve your financial problems. The only problem with this, however, is that you’ll have to wait days, maybe even weeks, before your bank loan is approved. To make this situation even worse, if you’re found to have a lack of credit history or a poor credit score, chances are your bank loan application will end up being declined. With car loans, however, you can apply for a loan without having to worry about your credit history and credit score and your car loan application can be approved in one hour or less.

Why having a poor credit score or a lack of credit history doesn’t affect your capacity to apply for a loan

Car loans fall under the category of no credit check title loans. This means that your credit score and credit history will not be a factor that can count for or against your loan application. The main reason for not needing a substantial credit history or a good credit score is that, when you apply for a car loan, your vehicle will be used as collateral for the loan application.

Premier Loans Canada lets you apply for a loan of up to $45,000.00 with nothing but a fully owned car with a lien free title, a valid driver’s license, and proof of permanent residence. Apply for a car loan today by calling us at our toll-free number 1(855) 965-1650 or by logging on to our website.